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20121231
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PBS
Dec 13, 2012 6:30pm PST
gains in asia, not just in china, but also in the asean countries. >> the industry engineer -- the engineering industry is expecting high turnover. experts are optimistic the upward trend will continue next year. they are hoping the global demand will continue to keep the eurozone crisis at bay. >> to the markets. worries about the future of the german economy weighed on markets. we have this a bit from the frankfurt stock exchange. -- this update from the frankfurt stock exchange. >> the dax closed down at the highest level since five years, the day before. some profit-taking. shares have been dragged down by concerns that the german economy might cool down pretty soon. the ifo institute lowered its growth expectations for the german economy. the federal reserve seems to be quite pessimistic. looking at the u.s. economy, the fed thinks that the unemployment rate will stay very high next year. >> let's take a quick look at some market numbers. the dax closed at 7569. the euro stoxx 50 ended the day just a tad down. the dow jones is currently going down over 1/2 of 1%. >> hong fight
KCSMMHZ
Dec 24, 2012 5:30pm PST
japanese air space. the aircraft was flying near the sunkoku islands in the south china sea. the defense ministry says the asdf spotted a wide 12 propellor aircraft on its radar. the plane was approaching from the north. it released f-15 fighter jets from the chinese prefecture. it flew within 120 kilometres of the islands but left without raiding japanese air space. the afdf dispatched fighters in response. a wide 12 aircraft also approached the islands last saturday but left without violating japan's air space. >>> a chinese think tank says it can't rule out the possibility of clashes breaking out between japan and china over territorial disputes. the government-affiliated chinese academy of social sciences released its assessment of the analyst situation in a report on monday. referring to the budget in japan, they reported china-japan is in the worst state. it adds that tensions could be eased through diplomatic channels. china has repeatedly sent ships into japanese waters around the sonkuku, apparently to jeopardi jeopardize japan and to recognize that opposition exists. ch
PBS
Dec 25, 2012 6:30pm PST
kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements crucial for making high-tech gadgets like smartphones and ipads, and they're mostly found in china, giving producers a handle on the market. and despite that, prices are falling. >> rare earths are, in china, but many minds in mongolia have fallen silent. state media says that will not change or at least another month. the country
PBS
Dec 4, 2012 6:30pm PST
increase seen from china. german cars especially remained popular overseas. i of german exports continue to sell at this rate, they could reach a record 1.1 billion euros for 2012. >> how did companies react to the export news, and what does that mean for investors? our correspondence sent us this report from the frankfurt stock exchange. > germany's exporters are still reporting strong profits, but companies which mainly depend on the european markets are preparing for tougher times. truckmaker m.a.n. announced that it is planning to reduce capacity by ordering more than five dozen workers to work reduced hours. news like this limits the upward potential, just like the discussion in united states about tax increases and spending cuts. each time a solution between democrats and republicans seems to become a bit less probable. investors are getting nervous again, also here in frankfurt. >> let's take a quick look at some market numbers now. the dax closed just a tad down at 7435. euro stoxx 50 closed about 0.3% up. the dow jones going up just a tick. the euro trading for $1.3099. >> a maj
PBS
Dec 17, 2012 6:30pm PST
saying there can be no compromise over the island is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major defeat lies with me, as the leader of this party. i hereby take these results seriously and i will resign as the leader of the democratic party in japan. w
PBS
Dec 20, 2012 6:30pm PST
to help out an increasing number of travelers from china, who are looking to part with lots of cash. >> he spent years living in china. he understands the language as well as the mentality of the chinese. for the past few months, he has been a sales consultant at frankfurt international airport where he assist chinese customers, for example, with the purchase of a camera. few speak english, although this customer is an exception. >> i am a part-time photographer. i use a cannot -- canon and nikon. >> many passengers arrive at the airport several hours before their flights and do a lot of shopping, but they often struggle with the language. his task is to act as an intermediary between shoppers and sales personnel. >> some are very surprised at first. they are not used to a westerner speaking chinese at the airport, but they are delighted. many want to browse on their own, first. the chinese have very different taste. >> weather it is luxury goods or everyday products, the chinese are interested in almost everything. they especially like the duty- free stores. this customer says she
KCSMMHZ
Dec 3, 2012 2:30pm PST
quite good. it indicates that the economy in china is expanding again. that means that german companies can hope for new orders from china again, and the markets here can hope for new chinese money to be invested soon into german assets. >> let's take a quick look at some market numbers. the dax ended the day almost 1/2 of 1% up. the euro stoxx 50 closed up at 2582. the dow jones is currently going down about 1/4 of 1%. the euro is trading $1.3660. we turn our attention to syria, where the human cost of the civil war is not limited to loss and destruction inside the country. some half a million summer -- syrians are refugees in neighboring countries. >> for those studying abroad in europe, the anxiety about the safety of their loved ones can beat all consuming -- can be all-consuming. >> this man is torn between remaining where he is and returning to war-ravaged syria. he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his family can no longer support him financially. that means
PBS
Dec 26, 2012 6:30pm PST
japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have been declining due to falling demand, and a growing number of companies are turning to alternatives to cut costs. than helping those in need and providing assistance to the deprived our universal concepts around the world. >> we bring you an example from mexico where a catholic priest is helping people at his
KCSMMHZ
Dec 14, 2012 2:30pm PST
, china, and saudi arabia. >> coming up, as egypt prepares to vote, why is the new constitution so divisive? we will talk about that. >> the fate of children in afghanistan as nato troops prepare to withdraw. >> stay with us. >> welcome back, everyone. each faces a tense weekend. voting begins on a controversial constitution supported by president mohamed morsi. it has deeply divided the country. >> opposition groups are urging supporters to vote against it. morsi oppose the muslim brotherhood is calling on egyptians to support the document. -- morsi's muslim brotherhood is calling the egyptians to support the document. >> opponents said the document does not do enough to protect women and minorities. the leading activist has asked egypt's president to delay the referendum. >> it is shaping up to be a pivotal moment for the country which has witnessed daily violence in the run-up to the referendum. >> we want to get a closer look at some of the most disputed articles of the new constitution. >> if adopted, the new constitution would change little for the egyptian president. he woul
PBS
Dec 5, 2012 6:30pm PST
exclusive deal with china mobile, the world's largest mobile-phone services provider. they have more than 700 million subscribers. >> let's take a quick look at some market numbers. the dax ended the day at about -- up about 1/4 of 1%. euro stoxx 50 closed just a a tad up. -- just a tad up. the dow jones is at 13,076. the euro is trading at 1.3079. >> un generate -- un secretary general ban ki-moon is calling on nations to come to an agreement about how to stop global warming. he made those comments at the climate talks in qatar. and he is trying to break a deadlock between the countries who are attending. >> our reporter has been talking to some delegates. >> at a climate summit press conference in doha, indian -- this indian spiritual leader described the effects of climate change in the himalayas. he says melting glaciers and a loss of bio-diversity are signs that the world cannot ignore, signs that drove him to do more to help the environment. >> giving the blessings to the people and healing that is not enough. i have to do more. the whole world is suffering from this climate crisis.
PBS
Dec 27, 2012 6:30pm PST
networks. this happens in china, saudi arabia, and india. while european and american politicians flirt with censuring the internet or restricting it. of course we oppose that. >> among the club's hacktivists, programmers and i.t. experts have boosted attendance to record levels. >> when we come back, we look at the fate of syrian refugees. >> we'll be back in just one minute's time. >> thanks for staying with us. >> as we've been reporting, there are renewed efforts to find a solution to the syrian conflict that has seen a civil war in the country deepened. >> the death toll has exceeded 45000 cents the conflict started about 19 months ago. >> the government and the syrian opposition appeared to have fought each other to a standstill on the battlefield, and the international community is divided on what to do about it. >> as the year draws to a close, we look back not at developments in the country over the past 12 months. >> syrians started the year with a glimmer of hope. the arab league put observers on the ground, and the fighting had subsided in some areas. but the arab league mis
PBS
Dec 18, 2012 6:30pm PST
years to complete. they flee through china, laos, and thailand. all the time, easy prey for traffickers who force girls into marriage or prostitution. those who make it to the south are brought to this resettlement center. they prepare for their new lives. they learn what health insurance is or how to operate simple electronic devices. they are shown south korean films to smooth their cultural integration. they teach defectors the basics of living in a 21st century capitalist society. >> for example, a hamburger. they do not have hamburgers in north korea. we show them what they look like, how they taste, and what they cost here in the south. >> back in his high school, the school principal is urging students to think big. he tells them, "although you are from the north, you can become president or a pop star. you have to live your dreams." >> i have a very simple dream. i just want to sit down with my full family around a table and eat dinner. my grandparents are still in the north. to be with them is my greatest wish. >> they are trying to make a new start in life, but the past is eve
KCSMMHZ
Dec 1, 2012 8:30am PST
new middle class in china is starting to develop a taste for french wine. investors are seeing new opportunities in the big wine regions, and not unexpectedly, it is a development which is not popular with some of the french. >> it seems everything she turns her hand to is a success. she is one of china's biggest celebrities -- singer, model, actress -- and now honor of a prestigious french vineyard. it was in french hands for four centuries before the chinese came. in china, red wine has become the latest new thing, and increasing numbers of chinese are heading to france to invest in their very own vineyard. >> i tried several other lines before, but when i came here, everything was just right -- the building, the surroundings, everything. i fell in love with the place straightaway, and the wine. >> time for a toast with the previous owner, who is obviously pleased with the sale. the purchase price is undisclosed. chinese buyers often pay much more than the norm. even if they do not understand each other, everyone understands the language of money. business is conducted through an
CSPAN
Dec 19, 2012 7:00am EST
most of the job to china. all you have to do is look around and see owns all the gas stations and 7-eleven's. those people are the rich ones that come from their countries and turnaround and bring their servants with them. that is who is running those businesses. host: what do you think needs to happen in the next couple days before the end of the year? caller: one has to happen if the republicans have to agree on bringing the jobs back from overseas. the democrats could maybe agree on cutting back on some of these food stamps, especially for people that have come here and have never worked for the country and don't deserve it. host: on twitter -- another story this morning, this from "usa today." we are still getting your thoughts for the next five or 10 minutes in this first segment of the washington journal on john boehner's "plan b" that was released yesterday in case the negotiations break down over the fiscal cliff. william from north carolina is on our independent line. caller: i was calling to tell you that the last five or six years the big companies have not been paying ta
CSPAN
Dec 26, 2012 7:00am EST
look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
CSPAN
Dec 30, 2012 7:00am EST
produce anything. we don't create any jobs. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand
CSPAN
Dec 23, 2012 7:00am EST
using their position to help china, and china is the biggest abortion country in the world. when you throw all this into a big mixture, you cannot blame the gun. host: thank you for the call and comment. a bitter fight had on gun control, according to the washington post. we are following some of the options on what is next. speaker boehner is confronting a political cliff over the budget track is, putting out that the speaker's leadership and legacy remained at stake. they point out that in a show of support, house leader eric cantor. at a news conference with the speaker in a call to extend the tax rates. some have urged congressman tom price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on f
CSPAN
Dec 10, 2012 7:00am EST
: about $600 billion a year from year to year. it is hard to estimate countries like china because they are now pricing things the same way. they have large land forces and they are not deployed across the world. submarines and missiles. china is probably number one on the list. host: this from twitter. guest: that refers to overseas contingency operations. this is a fund that paid for the wars in iraq. it is about $88 billion in that account. there is a pentagon and washington funny math. some people say if the project out, we will save all this money. i wrote a report about saving $1 trillion. most of our troops will be out of afghanistan by 2014. nobody expects it will spend this level of money going out the long term in the future. so the $1 trillion in savings is money we would not have spent anyway. there are some built-in drawdowns in the defense department. in.se were built an about $487 billion over 10 years. they are coming back down. about 100,000 or so and they are built into the system. the pentagon is looking at things that way. host: roger in texas, republican caller. go
CSPAN
Dec 7, 2012 7:00am EST
-- companies to outsourcing in the last 12 years. it is because of the free trade with china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a p
CSPAN
Dec 11, 2012 7:00am EST
. the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a right-to- work states, but i guess the language got changed, because it used to be a free will state. the employers without unions had the right to fire you for anything, any reason or no reason at all, and you had no recourse. so i still believe in unions and i still believe the people should have a right to join or not. host: this tweet -- are you with us? caller: i am. host: higher wages of less jobs in the state's. caller: yes, but most of the jobs in this area, in the myrtle beach area, those are minimum- wage jobs, where i live. if we are talking about the unions giving them higher wages, i'
CSPAN
Dec 9, 2012 7:00am EST
home from china. host: you are on the air. go ahead, roger. caller: these people that sold our country out, they need to be exiled to themselves. host: good morning on the independent line. what is the number-one priority as the president embarks on a second term? caller: the issue a want to talk about this morning is one both sides agree with. everybody agrees but the tax code needs to be reformed, simplified. it needs to be changed in a permanent way where businessmen and individuals can plan for the future. there are multiple ways to do this, cut in reductions, giving everybody a fair chance to the tax code. i think it will really chance the economy. put it on a solid basis for businesses to plan and go into the future with. host: what do you think the president's number one priority should be? caller: first of all, i would like to make an observation. ever since president obama became president, i have noticed watching your program that your daily topics are on what president obama is going to do. i would be a wealthy woman if i -- for the many articles to read on him -- a about hi
CSPAN
Dec 6, 2012 7:00am EST
struggling but oftentimes it is as far from that as i am from china right now. host: the president yesterday spoke about the debt ceiling and is tied to the fiscal cliff negotiations. [video clip] >> i have to tell you that is a bad strategy for america, a bad strategy for our businesses, and it is not a game that i will play. most of you were involved in discussions and watched the catastrophe that happened in august of 2011. everybody here is concerned about uncertainty. there is no uncertainty like the prospect that the largest economy that holds the world's reserve currency potentially defaults on its debts, that we give out the basic notion that the united states stands behind its obligations. we cannot afford -- host: whil"the wall street journal." guest: the president does not want to negotiate with the republicans on the debt ceiling. that is like giving a son or daughter a credit card to do with it as they want freely. i think the president has to admit that both sides have tried to break measures and legislations to the table that would reduce the debt ceiling. the president -- loo
CSPAN
Dec 22, 2012 7:00am EST
companies closed down a factory here and open up in china or india or mexico. people say, why is that happening? there are lots of reasons why that is happening. the american tax system is not competitive. i do we have to go through this every year? have been on this show may times over the past 20 years. why can we just blow up the whole system, start over? why can we have a simple, fair tax, 19%, no deductions. make it a focal -- pro- competitive, pro-style system. if you make 10 times more than i do, you should pay 10 times more taxes. that would be something that would create a rising tide of prosperity that will lift all boats. host: stephen moore is the author of "who is the fairest of them all?" bill is on our line for independents from kentucky. caller: special tax breaks for the rich and corporations that do not want to pay for anything. they said, we are running out of money, we have high debt so it is time to pay the bill. republicans still say, no. isn't it time to stop this? guest: we have to get rid of special interest tax breaks. you are making the point i was just maki
CSPAN
Dec 21, 2012 7:00am EST
world paying big in chin. in china, individuals cannot own any arms. we have the same kinds of violent situations going on. in connecticut they had some of the strongest gun-control laws in the country and it still occurred there. let's look at the problems that caused this to occur. let's focus on solving those problems instead of just saying it is guns. right now today in connecticut, also weapons -- an assault weapon is a machine gun. they are already controlled. someone cannot just go to the store and buy an assault weapon today. it is not about clips or number of rounds in a gun. we have to focus upon those problems that caused this young man to snap, to kill his mom. i cannot imagine that. and then go and kill six-year oldss. the guns did not make him do that. the guns were not evil. he is evil, his act is evil. we need to deal with what caused the problems. i don't think the guns caused it. host: back to your home state of georgia, james is on the phone on the independent line. caller: just a few things. georgia is last on the bottom of the education. you are doing nothing to he
CSPAN
Dec 25, 2012 7:00am EST
to pick one. obama has said he wants to pay toward china and the middle east will not let him. there was a successful sabotaging program against iran's nuclear program and a ery new approach of iran's central bank and other institutions that continues to enrich uranium. is kind of're seeing the twilight of america's cold war imperium in the middle east. the u.s. will have a relationship with the new egypt but it will not be the relationship of a client state that we saw with's the minority -- hosni mubarak or on war said sadat. is the changing relationship in the country like pakistan after the osama bin laden raid and in states like yemen. they look over the horizon that bahrain and say, we do not want that. host: one of the papers this morning has a story taking a look at the change in leadership in specific countries in asia and highlighting what is going on in north korea, south korea, and japan. what does that prove for the administration? guest: you can put north korea in the same category as japan and south korea. they have taken power and have produced leaders but are still c
CSPAN
Dec 29, 2012 7:00am EST
china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to try to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> we are talking about the senate negotiating a fiscal could deal on -- but one of the stories of in the paper comes from the baltimore sun with the president of in there headline saying the president modestly optimistic. let's see what the thoughts are of the viewers and listeners this morning. pamela from new jersey on the line for democrats. are you optimistic about the fiscal clefts deal? caller: i d
CSPAN
Dec 5, 2012 7:00am EST
russia and china seek to extort control over the internet, but also the f.c.c.'s only actions adopting network neutrality rules undermine america's case abroad. i also fear that recent targets of cybersecurity executive orders here at home may be cited back to us by some foreign nations, with them accusing us of telling them to do as we say, but not as we do. historical hands off regulatory policy has allowed the internet to become the greatest vehicle for global, social, and economic liberty since the printing press. despite the current economic climate, it continues to grow at an astonishing pace. the f.c.c. commissioner and are in dubai this week as u.s. delegates, our committee has also sent representatives from both parties to keep an eye on the proceedings. they are the 193 member countries of the united nations are gathered to consider whether to apply to the internet a regulatory regime that the internet telecommunications union created in the 1980's for old-fashioned telephone service. as well as whether to swallow the internet's nongovernmental organizational structu
CSPAN
Dec 28, 2012 7:00am EST
fall, china rise. open your eyes. let god come in to our life. we cannot live by the gun, money, and power. thank you very much. host: thank you for the call. and exclusive about every clan that she'll be back to work next week. she will return after three weeks of recovery after a stomach virus. she can move forward with their plan to testify in open hearings on the attacks in benghazi, testimony she was not ine to give earlier december. she will be back at the state department. she has been recuperating. next call from trenton, new jersey. our next call. caller: i voted republican but i have at one of independent the points. it seems we have a logjam in washington over this voting on the fiscal cliff. the log jam seems to be on the democrat side. they should try to place the blame on republicans. harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for some deep problems. i am a conservat
CSPAN
Dec 18, 2012 7:00am EST
party. i worked in character terror for 15 years. i want to start off with 9/11 and in syria and china with the 22 children who were disfigured and cut within less than a week. and then in syria, the 47 people that have been killed by snipers and the thousands that have been killed that our children and women. you can see them on youtube right now. i want to understand why you diminished someones comment with the purpose. rather than being critical, the reality is a horrible situation that happened. i do not defend anything that happened at the school, but the individual data has a $100 shotgun or less -- and individual with a $100 shotgun or less, the situation would have been worse. in 1994 when you lost the assault weapons ban, you also lost the house for tenure. i will stop -- for 10 years. i will invite the listeners to look at the china situation a week ago where years and figures were cut off. guest: as you know, we do live in a society where we do feel protected and represented in government i think that is something that is diminished and there is a sense of government for us.
CSPAN
Dec 4, 2012 7:00am EST
, weak issue too much debt. if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it is just stupid. they should have done the tax cuts first and then see if they need to raise taxes. the more sound policy is to cut some savings first to even see if we have to raise taxes. host: here is the statement put out by the white house yesterday. it actually promises to lower rates for the wealthy and sticks the middle class with the bell. bill. susan in pennsylvania, a democratic caller. welcome to the conversation. caller: what i am thinking is the bush tax cuts or a huge disaster. why don't we simply ask everyone to pay back what they got in the bush tax cu
CSPAN
Dec 27, 2012 7:00am EST
barriers in places like china instead of worrying about the value of their currency. we should be fighting on those issues. in terms of america moving ahead, i think if we make these positive changes, like a sound dollar again, simplified tax code the people can understand, and they get more free enterprise and health care were the patient is in charge rather than third parties. unc in much different country very quickly. you go run this country and you feel especially among younger people, there is a lot of entrepreneurial energy wearing to go. if you get a more benign environment, that energy would burst forth. host: jkl tweets in, raise in the tops tax rate will not make a dent in the annual deficit. money gravitates to tax write- offs and crafted loopholes. guest: that is what you are seeing happening in europe when they are raising tax rates. lower the rates, get rid of these massive deductions,, and you would see a cleaner code, and less corrupt code. host: valerie in new jersey on our line for democrats. caller: good morning. the more i listen to mr. forbes speak, i am remi
CSPAN
Dec 20, 2012 7:00am EST
consider borrowing money from china or anywhere else, why we should even have that as an option. we're the richest country in the world. and also won three note on the gun laws issue. i do not see how they can target any particular weapon. it is worse than any combat- loading weapon. you can almost do that as fast as you can pull the trigger also. not a matter how many rounds you can shoot, but any sane person -- insane person getting hold of anything. guest: the reality of using guns or whatever illegal purpose of its lost in washington and the politics. we will have to do something, a press release and a press conference. there is a second amendment. they believe the supreme court has recognized the individual rights in a narrow decision. one thing i want to go back to, and what i hear from folks like yourself and others is the mass of new regulations coming out. instead of helping, we are hindering folks. practically on the provisions of obama care and how that is impacting a growing -- actually a sluggish economy going in the wrong direction. you raise a great question about borrow
CSPAN
Dec 15, 2012 7:00am EST
the free- trade deal with china that lost millions of jobs. you sound like you work for the defense department or something, or defense contractors. host: sorry about that. guest: you made a lot of good points. if you look at this, the defense industry has been a huge lobbyist on capitol hill. companies like lockheed martin been contributed -- contiguous to representatives. -- being contributors to representatives. i do not think anybody is arguing that there should not be cuts to defense or the pentagon. most people who serve on the house or senate armed services committee are about getting rid of these inefficiencies. the real question is, how do you do it in a safe, responsible way as opposed to having this trigger at the first of the year of the forces and across the broad -- across the board cut that does not have any discretion. there are potential issues that could be on the chopping block. host: market is our next caller on our line for republicans. -- mark is our next caller on our line for republicans. you are on the line with juana summers. caller: i believe we can make s
CSPAN
Dec 17, 2012 7:00am EST
in china, where they go in the classrooms and used swords and knives and start killing people? . that would probably be a bad idea too. so i think it's just education and trying to curb things that might influence people from doing such. host: what are some suggestions for that, jason? caller: it's hard to say, because a variety of people get into a variety of situations. whatever it is causes them to do things like that. better time spent talking to your kids, more money spent on mental health, things of that nature, i would say. otherwise, you are just point to end up with these situations occurring again. host: here's a story from cnn's talking about this recent attack where a man wielding a knife entered a school. injured 22 children and adults was also wounded. some of those kids are in critical condition. no deaths. does that make a difference to you? caller: certainly. i really don't know what you can do in a situation like that. if you look at gun-control laws such as in phoenix, arizona, where they have certain laws, it has not gone up. but in states where they have pretty se
CNBC
Dec 30, 2012 7:30pm EST
think there are few reasons why we will. one, global growth. china appears to be stabilizing and the rest of the emerging markets are growing. more demand for export business. number two, corporations are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and plant equipment in america today, the inventory is old and due reinvestment and upgrades. there's a lot of pent up demand for investment spending. >> there have been a few bright spots in our economy anyway. i think of housing, which has been in recovery mode right now. does that continue in 2013 even if we do see this -- some sort of resolution of the fiscal cliff and what it could do to paychecks and jobs in the economy? >> the offset is that people look at the value of their houses and start feeling better. one-third of household wealth is the value of their house and if they start seeing prices stabilize and appreciating, that could offset some pullback in overall consumer spending. >> where will we make mon
NBC
Dec 30, 2012 2:30am EST
think there's few reasons why we will. one, global growth. china appears to be stabilizing and the rest of the emerging markets are glowing. more demand for export business. number two, korpgs are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and planted equipment in america today, the inventory is old and due foreinvestment a upgrades. there's a lot of pent up demand for domestic spending. >> there have beent of the value of their house and if they start seeing prices stabilize and economy? >> the offset is that people look at the value of their houses and start feeling better. one-third of household wealth is the value of their house and if they start seeing prices stabilize and appreciating, that could offset some pullback in overall consumer spending. >> where will we make money then, do you think? >> my sense is emerging eeing p stabilize and appreciating, that could offset some pullback in overall consumer spending. >> where will we make money then, do you th
LINKTV
Dec 13, 2012 11:00am PST
experienced a return migration to hong kong following its reunification with china in 1997. ley: first of all, people realized that the political situation was not as serious as they anticipated. and secondly, not many of them have been able to make significant money here and have gone back and renewed old businesses or opened new businesses in hong kong. narrator: david ho's construction company now looks back on its past achievements. ho left a sagging residential real estate market to start an internet company. links with asia, while strong, are changing throughout the city and the region. ley: part of the story, of course, where a lot of the raw materials is thefrom british columbia whii are exported. narrator: and even though the u.s. economy slumped its low interest rates have helped vault the u.s. back to its traditional role as b.c.'s largest trading partner. the major issue here is the lumber industry and u.s. house building, so that the b.c. lumber industry follows very closely the cycles of american home building. narrator: in vancouver itself, there is less new construction, a
FOX News
Dec 30, 2012 12:00pm PST
places like china? >> yeah, well, take this robotic device i just-- this is a medical device and under the obamacare law, medical devices will be subject to a tax because they have to pay for obamacare. >> paul: yes. >> this is the sort of thing, if we keep doing will suppress the growth of technology in this country and then again, there's the issue of immigration policies. a lot of this technology driven by engineers who come from asia, silicon valley and has been the result of immigration into the united states. if we don't stand in the front of these things, we can grow. >> paul: dan, thank you. coming up in our second half hour, a look ahead to 2013. is the economy poised for a comeback or high unemployment continues to drag us with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from cap
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